Monitoring SelectQuote Inc. (SLQT) after recent insider movements


SelectQuote Inc.’s filing revealed that its insider Gunter Matthew Scott acquired Company’s shares for reported $25175.0 on Sep 02. In the deal valued at $1.04 per share,24,300 shares were bought. As a result of this transaction, Gunter Matthew Scott now holds 400,649 shares worth roughly $ 0.97 million.

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PT values the company’s stock at a premium of 39.25 to its Friday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Sector perform”‘ rating for it. Barclays also remained covering SLQT and reiterated its “an Equal weight” recommendation on February 08, 2022. Piper Sandler revised its rating on February 08, 2022. It rated SLQT as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of SLQT

On Friday, SelectQuote Inc. [NYSE:SLQT] saw its stock fall -4.33% to $2.43. On the same session, the stock had its day’s lowest price of $2.33, but rose to a high of $2.5582. Over the last five days, the stock has gained 8.00%. SelectQuote Inc. shares have risen nearly 261.66% since the year began. Nevertheless, the stocks have fallen -10.66% over the past one year. While a 52-week high of $3.25 was reached on 02/23/23, a 52-week low of $0.51 was recorded on 01/04/23. SMA at 50 days reached $1.09, while 200 days put it at $1.47. A total of 2.61 million shares were traded, compared to the trading of 3.96 million shares in the previous session.

Levels Of Support And Resistance For SLQT Stock

The 24-hour chart illustrates a support level at 2.32, which if violated will result in even more drops to 2.21. On the upside, there is a resistance level at 2.55. A further resistance level may holdings at 2.67. The Relative Strength Index (RSI) on the 14-day chart is 73.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.61%. Stochastics %K at 88.70% indicates the stock is a selling.

How much short interest is there in SelectQuote Inc.?

A steep rise in short interest was recorded in SelectQuote Inc. stocks on Jan 30, 2023, growing by 0.25 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.27 million shares. There was a rise of 9.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.86% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.61.

SelectQuote Inc. [SLQT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,165,103 shares, or roughly 4.91% of the outstanding SLQT shares. In other words, the investor’s shares have fallen by -10,878,485 from its previous 13-F filing of 19043588.0. . Over the last quarter, D. E. Shaw & Co. LP purchased 1,317,848 shares of SelectQuote Inc., while Millennium Management LLC bought 1,684,249 shares. At present, Mariner LLC is holding 2,929,240 shares valued at $2.53 million. Hotchkis & Wiley Capital Manageme owned 2,661,520 shares of the company at the time of its most recent 13F filing, worth $2.29 million.

According to FactSet, SelectQuote Inc.’s share price will average $2.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.11 percent from its previous closing price of $2.54. Analysts expect SelectQuote Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $1.50. However, 3 analysts have rated SLQT stock as a Hold in their predictions for 2023.


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